Tesla demand is nosediving in EV-friendly Europe amid Elon Musk's endorsement of the far right
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Judging on the fact that it jumped up after election day, investors are expecting corporate nepotism to boost profits.
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The share price isn't based on car sales. If it were just about car sales, it would be about 10% of the price it is now.
The share price is mostly ridiculous, but it is also people trying to get in early, on the assumption that they solve FSD, battery storage, Optimus (their robot), and battery manufacturing.
If they solve all of this, then Tesla could 10x again. It's very future dependent, and I think that future is a lot longer away than a lot of other shareholders think.
I got in at ~$20 per share. I've significantly reduced my position over the last few months, but I do still believe in the original mission of Tesla. I just don't think they're going to get there with Elon.
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"In the short term, the market is a voting machine, but in the long term, it is a weighing machine" - Benjamin Graham ("father" of value investing and mentor to Warren Buffett)
Meaning that in the short term, stock prices can be swayed from a company's true value by investors' emotions and opinions.
But eventually the stock price will align with the company's actual profitability and growth potential.
And you're right that these are crazy times, and the "short term" irrationality can last a lot longer than past experiences.
Historically, we've used examples like the 17th century tulip mania, or the dot com boom, but it won't surprise me if Tesla becomes the poster child for this quote in the future.
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Traditional door handles actually reduce smug flow by 60% - the Tesla door handles produce a much more smugrodynamic profile.
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The Blackrocks and hedge funds of the world prop up whatever corp it wants to succeed and buries whatever it wants to short into bankruptcy. They set the price of their shares to benefit capital owners. Retail has practically no power. It's a fugazi, just another means of control. A big club that we're not in.
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What's the difference between someone cosplaying as a far-right edgelord and an actual far-right edgelord?
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Oo I hope this starts a wave of catchy mockery towards everything he touches and everything like him, like:
Go fash, stonks crash.
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It should be the only image ever shown of Musk from now on.
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Fuck around and find out is his new M.O.
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This one is clever, I love it.
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Boycotts by individuals are legal.
For now...
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There's no H in fascist.
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It's everyday my pal
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I have yet to find someone who is truly just "Posing" with this shit and not just using "its a joke, bro" to claim not following that ideology. If they didnt at first, they developed that ideology quickly.
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